Page 84 - Debt Problem News Today

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.

Understanding? >> the law of physics. supply and demand applies also to capital. >> mike: you have a chart that talks about what happens when we hit the debt wall. i want to tell everybody there is no way possible for us to get to all of this. go to marcs website about the debt wall. we will keep it up on the screen throughout the segment so you can get information. you will want it and need it but we cant get to all of it. describe what you mean by the debt wall and why we are so dangerously he...

Plan. he sees it for just that, a tax hike plan. vice president cheney telling me, he agrees. >> i dont think the obama administration has got it right. we have another band-aid, basic notion being in government spends more and borrow more or we tax more money then everything is going to be fine. weve been down that road it doesnt work. we need to put together a long term program that based primarily on growth, talks about fundamental tax reform. if he we are going to get in the business of doin...

Latest updates on this topic.

Out in social services. now, if deficit gets bigger, that means were in an even worse position with s&p and the ratings agencies because they downgraded because of our rotten debt situation. it also means that the presidents jobs plan and that supercommittee have a lot more work to do to get the deficit down. a shrinking economy or a static economy means a much worse debt problem. megyn: the government is projecting 3-4% growth as a basis for what figures? >> okay. they say were going to have 3 ...

Talking about his plan. this job recovery plan. lets listen. >> ill be putting forward, when they come back in september, a very specific plan to boost the economy, to create jobs and to control our deficit. >> well, there you have it. hes promising september. well see you in september. here he is, august 16th, i guess were waiting. two weeks. >> and hes still talking about getting the deficit under control, when actually even many republican economists are saying thats the wrong thing to talk a...

Frankly the s&p rating agency knows that too. the agency that downgraded the u.s. credit rating friday night sent over to the obama administration their press release explaining the downgrade they were about to do. this is the draft. we have the draft. this is not the final version, this is the early version that was obtained by politico,.com, we have a link to it on our website. the spoiler alert here if you read this is that the math here is wrong by $2 trillion. what they were initially going...